What are the rules?

Financial institutions like First Tennessee are no longer able to cover overdraft transactions involving ATMs or everyday debit card purchases, when subject to a fee, unless we have permission from our customers.

The rules do not include checks or automatic bill payments that you may have set up for paying bills such as your mortgage, rent, or utilities. First Tennessee may still pay these types of overdraft transactions and charge overdraft fees.

Your choices: Opting in and out

Opting in - You choose to allow First Tennessee the opportunity to authorize and pay overdraft transactions involving ATMs or everyday debit card purchases at our discretion even though you may not have the funds available at the time.*

Choosing not to opt in - Any everyday debit card or ATM transaction you make will be declined at the point of sale if your account balance is not sufficient.

Changing your decision - If you would like to change your decision, you can easily do so by clicking here.

* A $35 fee may be assessed, limited to four per day, for paying overdrafts that result in an overdrawn balance of $5 or more. Also, a $25 fee is charged on the 15th and 35th day that an account remains continuously overdrawn. Fees may be imposed for covering items created by check, in-person withdrawal, ATM withdrawal or other electronic means. When your account is overdrawn, you are obligated to bring it to a positive balance immediately. Whether your overdrafts will be paid is discretionary and we reserve the right not to pay. For example, we typically do not pay overdrafts if your account is not in good standing, or you are not making regular deposits, or you have too many overdrafts.